Given the following data on bond yields:
This Year Last Year
Yield on top-rated...
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Given the following data on bond yields:
This Year Last Year
Yield on top-rated corporate bonds 9.3% 9.8%
Yield on intermediate-grade corporate bonds 11.8 11.3
a. Calculate the confidence index this year and last year. (Round your answers to 4 decimal places.)
Confidence Index
This Year
Last Year
b. Is the confidence index increasing or decreasing?
Increasing
Decreasing
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